Tag Archives | Greece

Iran’s Exports to EU Up 107%

The value of Iran’s exports to the European Union (EU) witnessed a significant rise over the first nine months of 2017, a report said. The value of Iran’s exports to the EU from January to September 2017 reached as high as €7.2 billion, showing a 107 percent increase compared to the same period last year, according […]

IFC signs Data Vending Agreement with Greek Firm

By John Lee. The Iran Financial Center (IFC) has reportedly signed a data vendor agreement with Greece’s Inforex S.A.. Under the deal, the IFC will provide Inforex with data about Iranian companies listed on the exchanges for a period of two years, while Inforex will commit to offer them to the foreigners interested in making […]

Iran’s Oil Exports to Europe, China Grow in August

Iran’s oil and condensate exports to Europe rose in August, with demand from Italy, France, the Netherlands and Greece all up, a report said. Iranian oil flows to Europe rebounded sharply last month, with 835,742 b/d sailing to the region, a rise of almost 200,000 b/d month on month, Platts reported. Turkey also remains the […]

Iran’s Largest Solar Power Plant Launched

The Islamic Republic of Iran inaugurated its biggest-ever solar power plant near the central city of Isfahan in a bid to make further use of renewable energy resources. The project, which took seven months to be completed, has been constructed jointly by Iran’s Ghadir Electricity and Energy Company and Greece’s Metka engineering firm. The plant […]

Iran Studying Europe Gas Export Plans

Iran is reviewing various options for exports of natural gas to Europe thus once more reviving an ambitious plan that had been previously shelved due to sanctions as well as technical problems. Alireza Kameli, the managing director of the National Iranian Gas Export Company (NIGEC), said that Iran’s media as saying that exporting natural gas […]

240 Foreign Oil Tankers Berth at Kharg Island

240 Foreign Oil Tankers Berth at Iran’s Kharg Island since JCPOA Enforcement The general manager of Bushehr Province Department of Ports and Maritime Organization said some 240 foreign oil supertankers have so far docked at Iran’s southern Kharg oil terminal since the implementation of a lasting nuclear deal between Tehran and world powers. “For the […]

Iran to Use Southeast Europe for Gas Exports

The director of International Affairs at the National Iranian Gas Exports Company (NIGEC) said Iran wants to use Southeast Europe as a corridor for its gas exports to Western European countries. “Our capacity will increase to 1.2 billion cubic meters per day during next five years. So we have enough gas for export,” Azizollah Ramezani […]

Iran, Italy Seal Crude Sale Deals

Two Italian energy companies, Saras SpA and Iplom SpA, have signed long term contracts with the National Iranian Oil Company (NIOC) to purchase crude oil from Iran. As of this week, in a contact with Saras SpA, Iran will export 60,000 to 65,000 barrels of oil per day to the company’s refineries for one year. […]

Iran-Europe Trade Sees Unprecedented Growth

The volume of trade between Iran and European countries witnessed a major leap in the fourth month of 2016, a report said. The latest figures from EU’s statistical office Eurostat show that Iran’s exports to Greece, France, and Spain respectively increased 108-fold, 60-fold and 9-fold in April, compared to the same period last year. The […]

Over 25 Int’l Oil Tankers Shipping Iran’s Crude

More than 25 European and Asian-owned supertankers are helping deliver Iranian crude oil to international destinations. According to a report carried by Reuters on Monday, Iran has managed to ramp up its oil exports much faster than the international market had expected as international tankers are helping deliver its fuel. “Charterers are buying cargo from […]

Greece Keen to be Hub for Iran’s Exports to Europe

A senior Greek official voiced his country’s willingness to promote economic ties with Iran, saying that Athens is ready to become a regional hub for Iranian exports to Europe. Speaking in a meeting with Head of the Trade Promotion Organization of Iran (TPO), Valiollah Afkhami Rad, the CEO of Greece’s Trade Development and Foreign Investment […]

Greece to buy first Loads of Iranian Oil via Total

Hellenic Petroleum (ELPE) will not be able to purchase its first delivery of Iranian crude oil directly from Tehran, according to media reports. The Greek refiner signed a deal with the National Iranian Oil Company (NIOC) in January, but uncertainty in the regulations regarding the lifting of sanctions has led to problems in carrying out […]

Iran to Raise March Oil Exports

By John Lee. Iran is expected to increase its oil exports for March to around 1.65 million bpd, up from 1.5 million bpd in February. According to Reuters, the National Iranian Oil Company (NIOC) is expected to ship around 250,000-300,000 bpd to Europe this month after it finalised term deals with France’s Total (about 200,000 […]

Over 200 Foreign Investors Active in Iran Capital Market

The number of foreign shareholders in the capital market of Iran is now more than 200, the Managing Director of the Central Securities Depository of Iran (CSDI) has said. Last month 9 natural shareholders from Romania, Russia, South Africa, Italy, Britain (2 people), Kuwait, Pakistan, and Afghanistan received their codes to be active in the […]

Iran Debtors Ready to Settle Oil Debts

Iran says foreign oil firms are ready to settle their debts to Iran, probably in euros. Iranian Minister of Petroleum Bijan Zangeneh told a press conference on Tuesday that Greece’s Hellenic Petroleum, Italy’s Saras and Royal Dutch Shell owe Iran about $4 billion, which will be paid back to Iran in euros. Shell has said […]

No Oil Sales to Greece before Payment of Debts

Iran’s Minister of Petroleum, Bijan Zangeneh, has said Iran has pegged future oil sales to Greece to the payment of Greece’s debts to Tehran. Athens has amassed debts to Iran of nearly $800 million from oil purchases. “For restoration of [Iran’s] oil sells to Greece after the sanctions removal, first, the issue regarding [Athens’s] debts […]

Iran gives 30-day visas at airports

By John Lee. Iran is to start issuing 30-day visas for tourists from 58 countries upon arrival at its airports. The Persian-language newspaper Donya-ye Eqtesad says the visas can be extended by 15 more days. Foreign tourists could previously get 14-day visas at Iran’s airports and their visas could not be extended. Eligible countries are: […]